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CANADA DATA: Housing Starts Reach Third Highest Year On Record

CANADA DATA
CanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Housing starts in 2024 +2% YOY at 227,697 units, Canada Mortgage and Housing Corp says Thursday.
  • After three straight months of increase, December housing starts -13% MOM to 231,468 units. That's below economist consensus for 270,000 units.
  • 6M moving average in Dec. -0.7% at 242,637 units.
  • “While this annual increase shows some signs of progress, Canada still needs significantly higher supply growth to restore affordability in urban centres, said Mathieu Laberge, CMHC’s Chief Economist. 
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  • Housing starts in 2024 +2% YOY at 227,697 units, Canada Mortgage and Housing Corp says Thursday.
  • After three straight months of increase, December housing starts -13% MOM to 231,468 units. That's below economist consensus for 270,000 units.
  • 6M moving average in Dec. -0.7% at 242,637 units.
  • “While this annual increase shows some signs of progress, Canada still needs significantly higher supply growth to restore affordability in urban centres, said Mathieu Laberge, CMHC’s Chief Economist.